Son Masayoshi "Fierce Investment" in Autonomous Driving

SoftBank, led by Masayoshi Son, plans to acquire Cubic Telecom in Ireland to enter the field of connected cars. SoftBank will pay 473 million euros to acquire a 51% stake in Cubic Telecom, which will increase Cubic's valuation to over 900 million euros. The transaction is expected to be completed in the first half of next year. Cubic provides network connectivity services to approximately 17 million vehicles worldwide, and SoftBank hopes to accelerate global expansion through this collaboration. Citing a McKinsey research report, both companies believe that the connected car market is expected to generate billions of dollars in revenue by 2030, with approximately 95% of new cars equipped with network connectivity. This acquisition will help Cubic expand its market share.